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World

Mexico's finance minister quits after Trump visit

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World

Mexico's finance minister quits after Trump visit

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00:00:01
>> Backlash still royaling Mexican politics after the recent visit of Republican Presidential candidate, Donald Trump. On Wednesday claiming a high profile casuality, the country's Finance Minister, Luis Videgaray officially stepping down. A close personal ally of Mexican president, Enrique Pena Nieto, even ran his presidential election campaign. But the pressure on Pena Nieto unrelenting after Trump's short noticed visit to Mexico City, many in Mexico recoil that the side of Trump that has reviled, insulted and belittle the nation repeatedly throughout his campaign being treated to a full diplomatic reception at the Presidential Palace.
00:00:43
Senior diplomats tell Reuters, Videgaray was instrumental in arranging the visit. That however wasn't his only problem says Reuters Mexico chief correspondent Frank Jack Daniel.>> Rumors of Videgaray's impending departure have been bubbling under the surface in Mexico for several months. As the economy slips into contraction for the first time in several years, the president's popularity had plummeted to record lows.
00:01:10
And rumors of tensions between the finance minister and other ministers began to surface.>> But the ever-growing backlash from Trump's visit, so intense, that even his friend, Peña Nieto could not ignore.